They made the unusual bets on Wednesday, and just like magic a $23 billion takeover of Heinz was announced the next day. “The Defendants purchased Heinz calls while in the possession of material, nonpublic information concerning the proposed acquisition,” the lawsuit alleges. “The Announcement caused the price of the June $65 calls to surge over 1,700%, making the Defendants’ initial investment of nearly $90,000 worth over $1.8 million.”

That’s a pretty decent little earner, except like most schemes this profitable, it’s illegal, and now the SEC are going after whoever was behind the trades; “On information and belief, the Defendants are either located or trading through accounts located in Zurich, Switzerland,” the suit says.